SFBC amends loan to waive non-compliance, working toward getting new deal

By Sara Rosenberg

New York, June 29 - SFBC International Inc. amended its senior secured credit facility, waiving non-compliance with covenants through Aug. 15, and is working on getting a new credit facility, according to a company news release.

"We are working towards establishing a new credit agreement with our banks," said David Natan, chief financial officer, in the release. "At present, we believe the company has sufficient liquidity to support its operating activities and to address the potential costs associated with the closing of its Florida operations."

SFBC is a Princeton, N.J.-based drug development services company.

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